Lam Research (NASDAQ:LRCX) Stock Price Down 3.1% - Time to Sell?

Lam Research Corporation (NASDAQ:LRCX - Get Free Report)'s stock price dropped 3.1% during trading on Tuesday . The stock traded as low as $97.85 and last traded at $98.64. Approximately 3,121,157 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 12,247,013 shares. The stock had previously closed at $101.74.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LRCX. Citigroup reissued a "buy" rating and set a $108.00 price objective (up from $87.00) on shares of Lam Research in a report on Monday, July 7th. UBS Group upped their price target on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday. TD Securities dropped their price objective on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. KeyCorp raised their price target on shares of Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $115.00 target price (up previously from $90.00) on shares of Lam Research in a report on Tuesday, June 24th. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $100.57.

Lam Research Stock Down 3.9%

The company has a current ratio of 2.45, a quick ratio of 1.64 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $125.10 billion, a P/E ratio of 27.20, a P/E/G ratio of 1.42 and a beta of 1.68. The business has a 50-day moving average price of $91.10 and a 200 day moving average price of $80.94.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the previous year, the company posted $7.79 EPS. The company's revenue for the quarter was up 24.4% compared to the same quarter last year. On average, equities analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Wednesday, June 18th. Lam Research's payout ratio is presently 25.63%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LRCX. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Lam Research in the 1st quarter worth $26,000. West Paces Advisors Inc. acquired a new stake in shares of Lam Research in the 4th quarter worth $27,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Lam Research in the 4th quarter worth $27,000. Park Square Financial Group LLC acquired a new stake in shares of Lam Research during the 4th quarter worth about $31,000. Finally, Putney Financial Group LLC acquired a new stake in shares of Lam Research during the 4th quarter worth about $36,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

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